Fantastic opportunity to own a 3-4 family home featuring two 1-bedroom units, and two 2-bedroom units. Currently zoned as a 3-family plus commercial. Town is reviewing zoning as a 4-family residential. 3 of the 4 units needs rehab - investors, contractors. Lots of potential: Conveniently located in the downtown area of Southbridge, close to major routes, schools, shopping, and dining. New roof (2021), vinyl siding, 3-car garage, newer decks and generous off street parking. Delivered with only one unit occupied. This property is perfect for investors with flexibility of residential and/or street front commercial space.
This home has been viewed 5 times
Last Checked: September 22nd, 2026 at 7:13am (Source: MLS PIN #73569418)
Gross Income: $11,400
Gross Expenses: $9,579
Net Income Calc: $1,821
Water Views
Annual Expenses for 135-137 Elm St, Southbridge MA 01550
Total Gross Expenses (Calculated)$9,579/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax5279
Annual Income & Unit Breakdown for 135-137 Elm St, Southbridge MA 01550
Total Gross Income (Calculated)$11,400
Unit 1
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseY
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
Rent IncludesHeat
Unit 3
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
Rent IncludesHeat
Unit 4
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
Rent IncludesHeat
General Information for 135-137 Elm St, Southbridge MA 01550
Listing ID73569418
Property TypeMulti Family / 4 Family
Price399900 ($133.21/SqFt)
Style4 Family - 4 Units Up/down
CitySouthbridge
CountyWorcester
Neighborhood(s)
Approximate Living Area Total3002
Approximate Lot Size (Acres)0.21
Total Parking10 (3 Garage)
Garage Parking3
Year Built1900
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction Materials
Lot Features
Foundation Description
Accessible Features
Outdoor Space
ZoningR3
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 135-137 Elm St, Southbridge MA 01550
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceOther
ExclusionsRefrigerator In Basement And Table In The Kitchen.
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 135-137 Elm St, Southbridge MA 01550
Real Estate Taxes5279
Tax Year2026
Assessed Value$360,100
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 135-137 Elm St, Southbridge MA 01550
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 135-137 Elm St, Southbridge MA 01550